Standard Chartered Reaffirms: Bitcoin Will Surpass $100,000 by the End of 2026! Now is the Perfect Buying Opportunity

Coin Circle (120btC.coM): Recently, Strategy Inc. (formerly MicroStrategy, stock code: MSTR), the world's largest publicly traded Bitcoin holder, broke its long-standing myth of "never selling Bitcoin" by making a rare move to sell some of its Bitcoin holdings, causing quite a stir in the crypto market. However, traditional financial giant Standard Chartered holds a markedly different optimistic view on the matter.

According to a report released by foreign media on July 10, 2026, Geoffrey Kendrick, the global head of digital asset research at Standard Chartered, stated in a recent report that the market has overreacted to Strategy's selling behavior, which he described as merely a "communication challenge" rather than an indication of any fundamental issues with the company. Kendrick further emphasized that the current price of Bitcoin, around $64,000, represents a "screaming buy," and he maintains his prediction that Bitcoin will reach $100,000 by the end of 2026.

To understand the logic behind this selling, one must first grasp Strategy's current financial situation. Data shows that Strategy currently holds as much as 843,775 BTC, accounting for over 4% of the total Bitcoin supply. Between 2020 and 2025, the company's mNAV (market value/Bitcoin holding value) was greater than 1, allowing it to issue stock to purchase more Bitcoin, creating a flywheel effect.

However, as mNAV gradually approaches 1, this old expansion model has proven ineffective. Consequently, Strategy has shifted its strategy to use its substantial Bitcoin reserves as collateral for STRC perpetual preferred shares. This preferred share mechanism, valued at approximately $10 billion, offers an annual interest rate of 12% and pays interest every two weeks, becoming the company's largest financial instrument.

The controversy began on June 1 of this year when Strategy first disclosed the sale of 32 BTC, leading to a collapse of market faith in its "never sell Bitcoin" mantra, causing STRC's stock price to deviate significantly from its par value, dropping to as low as $71.25. Last week, the company further sold 3,588 BTC (worth about $216 million) to pay dividends on the preferred shares and replenish reserves, attracting strong market attention.

Regarding Strategy's shift from buyer to seller, Kendrick believes this is actually a necessary path for the company's maturity. He pointed out that the past slogan of "never selling Bitcoin" severely limited the company's financial flexibility. Occasionally selling Bitcoin to raise up to $1.25 billion in reserves is a completely reasonable monetization plan.

Kendrick emphasized that Strategy's current dollar reserves for paying dividends still amount to $2.55 billion, sufficient to cover the next 17.4 months of demand. As long as the company can effectively communicate this new strategy and demonstrate a credit commitment similar to a central bank's "whatever it takes" approach, the STRC stock price could quickly rebound to around $100 par value. Once market confidence is restored, the company would practically not need to sell more Bitcoin, and the recent selling pressure is merely "noise" that will not alter the long-term bullish trend of Bitcoin.

However, Wall Street analysts remain divided on Strategy's new strategy. JPMorgan analysts believe that formalizing the selling policy means Strategy will simultaneously act as the market's largest buyer and seller, introducing "avoidable dual risks."

In contrast, Zach Pandl, research director at asset management giant Grayscale, supports Standard Chartered's viewpoint. He believes that moderate selling of Bitcoin helps strengthen Strategy's balance sheet, making the company's operations more robust and, in the long run, aiding Bitcoin in finding a more solid bottom support. Amidst the ongoing tug-of-war between bulls and bears, how well Strategy manages this "communication crisis" will be one of the key variables influencing Bitcoin's trajectory in the short term.

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